Florence Tyler invests $5000 in a 1-year CD that earns interest at an annual rate of 4% compounded monthly. The amount per $1.00 is 1.040742. What is the interest earned?

$203.71

Step-by-step explanation:

Given;

Principal = $5,000

The amount per $1.00 is given as 1.040742

The total amount earned is equal to the product of the principal and the amount per dollar.

A = Principal × amount per dollar

Substituting the values;

A = $5000 × 1.040742

A = $5203.71

Interest earned = Total amount earned - principal

Interest earned = $5203.71 - $5000

Interest earned = $203.71

$655.61 which is option c

step-by-step explanation:

price of house =   $146,000

initial rate = 3.5%

mortgaged paid in this = 3.5 % of $146,000

                                        =

                                        =$5110

the total years would be = 7

total mortgaged paid = 7 * $5110

                                      =$35770

remaining money = $146000-35770

                                =$110230

new mortgaged payment = 5 % of 110230

                                            =  

                                            =$655.61

multiplication is multiplication.   it might feel harder depending on what level of math you are in, but generally it will be the same old stuff, while implementing some new concepts and methods of solving work.